BLOCKCHAIN

This is your opportunity to participate in cloud mining without having to worry about setting up your own operation. Here you can purchase mining rights in our crypto mine to mine cryptocurrencies. You choose the amount you want to dig with. Higher amounts have higher yields. Your mining capacity is valid for one to three years and you get back your mining rights including the mining income. You can choose between 5 models. Just click on the desired product and you will see the complete explanation. You do not have to do anything; just choose the % yield you want and put it in the cart. We'll take care of the rest. Reimbursements will be made in US $ (or other currency) to your bank account, directly into your wallet with Bitcoin, via PayPal or any of the other options we offer.

THE MINING OF CRYPTO CURRENCIES BRIEFLY EXPLAINED

Mining is essentially a reward system to ensure the Blockchain operates as designed. It relies on the process of using computing power to process transactions, secure the network, and keep everyone on the Blockchain synchronized. The network of computers is like a huge data center but designed to be fully decentralized, managed by miners operating across countries with no one individual having control over the network. The process of confirming transactions or creating new bitcoins is referred to as “mining”, an analogy to gold mining.

Unlike in gold mining, bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Once all the supply of bitcoins is mined (which won’t be the case until the year 2140), miners are still required to confirm transactions through solving cryptographic puzzles. The more computing power accumulated, the more chances to solve the puzzles and receive a reward. In other words, the larger the network, the higher the potential income.

THE MINING OF CRYPTO CURRENCIES BRIEFLY EXPLAINED

Mining is essentially a reward system to ensure the Blockchain operates as designed. It relies on the process of using computing power to process transactions, secure the network, and keep everyone on the Blockchain synchronized. The network of computers is like a huge data center but designed to be fully decentralized, managed by miners operating across countries with no one individual having control over the network. The process of confirming transactions or creating new bitcoins is referred to as “mining”, an analogy to gold mining.

Unlike in gold mining, bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Once all the supply of bitcoins is mined (which won’t be the case until the year 2140), miners are still required to confirm transactions through solving cryptographic puzzles. The more computing power accumulated, the more chances to solve the puzzles and receive a reward. In other words, the larger the network, the higher the potential income.

The Blockchain-Revolution

The technology behind crypto-currencies is called Blockchain. Blockchain is a decentralized database, distributed to all participants in the network. In the figurative sense, this database is a ledger and contains all transactions ever made on the Blockchain. The Blockchain is secured through a consensus mechanism known as the “proof of work” (PoW). In a process called “mining”, specialized computers use their computing power to solve extremely complex computational tasks. If the solution is correct, a miner gets the right to put the next block of data in the chain. Once the network confirms that the problem has been solved correctly, a new data block with the included transactions and the hash value of the previous blocks is added to the Blockchain and the successful miner is paid for it.

The more computing power you have, the more transactions you can confirm. The profit of this activity is proportional to the resources used (hardware, software and electricity are the main cost items). The ratio of input and output is linear. The more resources you spend, the higher the daily production and the higher the yield.